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Category: Business News

19Jan

Markets flee to safe havens as Trump threatens allies with tariffs over Greenland bid

Investors headed for safe havens while Europe prepared to push back on Monday after U.S President Donald Trump threatened escalating tariffs on allies in the way of his ambition to…
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19Jan

Europe mulls €93bn tariffs on U.S. amid Trump Greenland threat, FT reports

European capitals may hit the U.S. with 93 billion euros ($107.71 billion) worth of tariffs or restrict American companies from the bloc's market in response to U.S. President Donald Trump's…
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19Jan

Israel clears Uber, Lyft to cut taxi fares

Jerusalem: An Israeli ministerial committee on Sunday approved a law that would allow shared ride-hailing services such as Uber and Lyft to operate in Israel in a bid to lower…
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19Jan

Sequoia, GIC, Coatue join $25B Anthropic funding at $350B valuation

Venture capital firm Sequoia is joining ​Singapore's GIC and U.S. investor Coatue in ‌a funding round for Anthropic, which aims to raise $25 billion at a $350 billion valuation, the…
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19Jan

Syrah, Tesla extend graphite deal dispute deadline again

Australia's Syrah Resources said on Monday it agreed with Tesla to extend for the third time a deadline to resolve an alleged breach of their graphite supply agreement. The 2021…
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19Jan

Trump officials push emissions rollback to cut car prices

Detroit: The Trump administration's top auto policy officials on Saturday touted federal efforts to lower car prices by eliminating vehicle emissions regulations, as affordability remains a key concern among Americans.…
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19Jan

South Korea seeks U.S. tariff relief on memory chips

Seoul: South Korea will seek favourable terms for U.S. tariffs on imports of memory chips, a presidential office spokesperson said at a televised briefing on Sunday. The country last year…
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19Jan

Dollar slides as Trump tariff threat drives yen, franc demand

Singapore: The dollar ​fell on Monday as investors, unnerved by U.S. President Donald Trump's latest tariff threats against Europe over Greenland, ‌piled into the safe-haven yen and Swiss franc, in…
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19Jan

Japan election raises odds of consumption tax cut amid cost pressures

Tokyo: Japan's expected snap general election is increasingly likely to lead to a cut in the consumption tax rate, as ruling and opposition party executives stressed the need to do…
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19Jan

South Korea, Italy agree to deepen cooperation in AI, chips, aerospace

Seoul: South Korean President Lee Jae Myung and Italian Prime Minister Giorgia Meloni agreed on Monday to expand cooperation in sectors such as artificial intelligence, aerospace, chips and critical minerals,…
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